What are the allowances given to SBI PO?
The SBI PO salary is one of the major reasons for candidates to get into the banking domain aling with lucrative perks, and allowances. The table below shows the basic salary and numerous perks given to a candidate selected as SBI Probationary Officer.
Basic Pay | INR 41,960 (with 4 advance increments). The pay scale is INR 36000-1490/7-46430-1740/2-49910-1990/7-63840 |
Dearness Allowance | DA is revised every quarter and is calculated based on CPI (Consumer Price Index). Currently, DA is 46.9 per cent of the basic pay |
City Compensatory Allowance (CCA) | CCA varies with the place of posting of 4 per cent or 3 per cent |
Leased House Accommodation | SBI PO is entitled to take a house on lease. The amount of which varies with posting between a minimum of INR 8000 (in rural areas) and a maximum of INR 29, 500 (In Mumbai) |
Furniture Allowance | INR 12,0000 for the purchase of furniture |
Medical Insurance | 100 per cent of medical coverage for SBI employees and 75 per cent for their family members |
Travelling Allowance | For official travels, reimbursement of AC 2-tier fare provided |
Petrol | 50 Lts (For 2 Wheelers) Or 55 Lts (For 4 Wheelers) Or Approx. INR 1100-1250 if you do not have 2/4 wheelers (conveyance allowance) |
Upvote 
Candidates selected to the post of Probationary Officers are eligible for DA, HRA/Leave rental, CCA, Medical and other allowances and perquisites. SBI offers a very lucrative salary package compared to other public sector banks. The total package of SBI PO is INR 8.20 Lacs (minimum) and INR 13.08 La
Upvote Similar Questions for you
The SBI PO admit card 2026 will be released on the SBI careers portal officially at sbi.co.in. It will be released online and is a mandatory to carry at the examination centre by the candidate.
The SBI PO application form 2026 is expected to be released in May-June at sbi.co.in. Candidates need to apply online and pay the required fees.
The SBI PO notification 2026 is expected to be released in May-June at sbi.bank.in. The exam is conducted once in a year for the posts of Probationary Officers. It has the details about the examination including the important dates, syllabus, pattern, application process, and more.
SBI PO interview is conducted for candidates who qualifies the Mains exam. The interview carries questions related to the educational qualification background hobbies current affairs etc. It basically asseses the personality of candidates.
The Reasoning section forms the most necessary part of the SBI PO exam. This section can be prepared by practising the past years papers. Candidates must also attempt mock tests.
Taking an Exam? Selecting a College?
Get authentic answers from experts, students and alumni that you won't find anywhere else.
On Shiksha, get access to
Learn more about...
SBI PO 2026
View Exam DetailsDidn't find the answer you were looking for?
Search from Shiksha's 1 lakh+ Topics
Ask Current Students, Alumni & our Experts
Have a question related to your career & education?
See what others like you are asking & answering